Microsoft, Meta Smash Earnings Expectations
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Microsoft and Meta exceeded Wall Street's expectations in their latest earnings reports. Microsoft reported record-breaking revenue of $70.1 billion and earnings per share of $3.46, surpassing forecasts. Meta also surpassed predictions, with $42.3 billion in revenue and $6.43 EPS. Both companies' stock prices surged following the positive results, despite a broader market pullback. These strong performances are seen as crucial indicators for the tech sector, especially with ongoing trade uncertainties.
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